Medgold Announces Board Changes, Cancellation and Award of Stock Options

Vancouver, Canada, March 2, 2021 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) announces that Mr. Simon Ridgway has resigned as Executive Chairman and as a Director of Medgold in order to pursue other business interests. Mr. Ridgway is recognized and warmly thanked for his foundational role in the establishment of Medgold, and for his strategic leadership of the Company through its acquisition, financing and advancement of property assets in both Serbia and Portugal. Medgold wishes him well in his ongoing ventures. Medgold also announces the appointment of Mr. Andrei Kroupnik[…]

Written by on March 2, 2021

Medgold Announces Highly Positive Preliminary Economic Assessment for the Tlamino Project, Serbia: pre-tax NPV8% of US$ 101 million and pre-tax IRR of 49%

Vancouver, Canada, January 26, 2021 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce the completion of a positive Preliminary Economic Assessment (“PEA”) for the Barje gold deposit at its Tlamino Project, Serbia (“Barje”, “Tlamino”, the “Project”). The highlights of the PEA are as follows: Based on simple open-pit mining methods and the production of a flotation concentrate via conventional processing techniques, the pre-tax NPV of the Project, at a discount rate of 8%, is US$101M, its IRR 49%, and its operating margin 61%. The up-front capital cost[…]

Written by on January 26, 2021

Medgold signs Option Agreement with Fortuna Silver Mines to acquire full ownership and management control of the Tlamino Project, Serbia

Vancouver, Canada, January 7, 2021 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce that it has entered into a definitive Option Agreement (the “Agreement”) with Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna”) to acquire Fortuna’s 51% interest in the Tlamino Project, located in Serbia (the “Project”). The terms of the Agreement provide Medgold with an exclusive option (the “Option”) to purchase Fortuna’s 51% interest in the Project for a cash consideration of US$ 3.468 million. The Option is valid for three years and is exercisable[…]

Written by on January 7, 2021

Medgold Announces Positive Metallurgical Results for Barje Prospect, Receives New Exploration Licenses for the Tlamino Project, Serbia

Vancouver, Canada, October 28, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce the completion of metallurgical test work from the Barje Prospect, within the Tlamino Project in southern Serbia. Highlights of this work are as follows: Conventional flotation has produced a concentrate grading 48.9 g/t Au and 824 g/t Ag with recoveries to concentrate of 83.4 % for gold and 82.4% for silver from a composite sample representing the main hydrothermal breccias; this material type hosts approximately 72% of the total gold inventory reported in the[…]

Written by on October 28, 2020

Medgold Initiates Preliminary Economic Assessment for the Tlamino Project, Serbia

Vancouver, Canada, August 5, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce the initiation of a Preliminary Economic Assessment (the “PEA”) in respect to the Barje Prospect within the Tlamino Project (the “Project” or “Tlamino”) in southern Serbia. The purpose of this study will be to constrain the self-standing economics of the Project, and most particularly its capacity to yield a marketable metal concentrate, to which end a program of metallurgical test work will be completed. Addison Mining Services Ltd. and Bara Consulting Ltd., both of[…]

Written by on August 5, 2020